“ I do believe that a property foreclosure can have a important effect on the debtor's life. Property foreclosures can have a Six to several years negative effect on a client's credit report. A borrower having applied for a mortgage or just about any loans for that matter, knows that the particular worse credit rating can be, the more tricky it is to have a decent mortgage loan. In addition, it could affect any borrower's power to find a reasonable place to lease or rent, if that becomes the alternative housing solution. Interesting blog post. ”